DAIMLER AG

IBTimes Logo

Mercedes-Benz recalls U.S. M-Class vehicles

Daimler AG's Mercedes-Benz is recalling 136,750 M-Class and M-Class AMG vehicles in the United States made from 1999 to 2004 for issues related to cruise control that may lead to a crash, U.S. federal safety regulators said.

Can Daimler partnership give China’s electric car startup BYD a lift?

Can Daimler partnership give China’s electric car startup BYD a lift?
If you’ve followed the auto industry for a while you’ll know that automakers are always sharing technology and projects in cross-collaborations that would normally make any paranoid hard-nosed capitalist weep in fear. But the latest firms to receive official blessing for a joint project might not be the strange bedfellows they appear at first.

Daimler dividend above expectations, outlook upbeat

IBTimes Logo
Daimler proposed a higher-than-expected annual dividend on Wednesday, predicting a considerable gain in earnings this year on better sales of its Mercedes premium cars and a turnaround at its trucks business.
More news
IBTimes Logo

Daimler, truckmakers see enormous growth this year

Europe's truckmakers anticipate profits will rebound faster than expected in 2010, thanks to emerging markets where enormous growth rates pushed aside painful memories of the industry's worst ever slump.
IBTimes Logo

Daimler now sees $7.8 billion 2010 operating profit

Daimler expects rising demand for its most expensive Mercedes-Benz models to drive operating profit to 6 billion euros ($7.8 billion) in 2010, its best result since the auto industry boom that peaked three years ago.
IBTimes Logo

Mercedes maps out road to 10 pct EBIT margin aim

Daimler's passenger car division Mercedes-Benz Cars expects operating profit to reach the upper end of its forecast this year and aims to boost profitability to 10 percent of sales by the second half of 2012.
IBTimes Logo

Chrysler could up 2010 outlook, launch IPO quickly

Chrysler could raise its financial targets for 2010 in the second half of the year and aims for a public offering of its stock as quickly as possible, Chief Executive Sergio Marchionne said on Monday.
IBTimes Logo

Chrysler rescue under Fiat still uncertain

Almost a year into its government-funded rescue, Chrysler remains a laggard in sales against the industry and analysts increasingly question if Fiat can change the game for its struggling U.S. partner.
IBTimes Logo

Daimler result lifts auto shares

Daimler shares soared nearly 8 percent, leading European auto stocks higher after the company unexpectedly hiked the 2010 earnings target for its luxury Mercedes arm.
IBTimes Logo

Daimler keeps 2010 earnings, dividend outlook

German carmaker Daimler reaffirmed it would earn more than 2.3 billion euros ($3.14 billion) of operating profit this year, with all divisions returning to the black, allowing it to pay a dividend again.
IBTimes Logo

Renault, Nissan, Daimler unveil partnership

Carmakers Renault , Nissan Motor Co Ltd and Daimler on Wednesday said they would swap stakes and jointly develop cars as part of partnership plans aimed at gaining scale and sharing costs.
IBTimes Logo

China's Geely to pump up to $900 million into Volvo

Zhejiang Geely Holding Group, China's biggest private carmaker, said on Tuesday that it is prepared to pump up to $900 million into the Volvo unit it is buying from Ford , as part of its plan to return the Swedish carmaker to the black.
IBTimes Logo

Renault-Nissan, Daimler eye mutual stakes-sources

The Renault-Nissan group and Daimler AG are considering taking symbolic stakes in each other and working on bigger joint projects, sources said, in the face of intense pressure to cut costs and develop cleaner cars.
IBTimes Logo

SEC says Daimler made $56 million in bribe payments

Car and truck manufacturer Daimler AG allegedly earned $1.9 billion in revenue and at least $91.4 million in illegal profits from transactions tainted by bribes, according to the U.S. Securities and Exchange Commission.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.